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grupo lala sab de cv (LALAB) Details

Grupo LALA, S.A. de C.V., through its subsidiaries, produces, packages, distributes, and markets dairy products in Mexico. The company operates through two segments, Milk; and Dairy Products and Other Products. The company offers plain milk, yoghurts, cheeses, creams, desserts, butter, margarine, beverages, juices, flavored milk, and milk with additional nutritional components. It also provides packaging products to third parties. The company serves retailers, supermarket chains, government departments, bakeries, and restaurants. Grupo LALA, S.A. de C.V. was founded in 1949 and is headquartered in Gómez Palacio, Mexico.

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grupo lala sab de cv (LALAB) Key Developments

Grupo Lala, S.A.B. de C.V. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Jul 28 15

Grupo Lala, S.A.B. de C.V. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales were MXN 10,972,589,000 compared to MXN 11,846,679,000 a year ago. Operating income was MXN 1,090,924,000 compared to MXN 1,380,684,000 a year ago. Financial loss, net was MXN 104,895,000 compared to MXN 69,292,000 a year ago. Income before taxes was MXN 1,195,819,000 compared to MXN 1,455,365,000 a year ago. Net consolidated income was MXN 842,583,000 compared to MXN 999,273,000 a year ago. EBITDA was MXN 1,338,857,000 compared to MXN 1,672,178,000 a year ago. The increase in revenue is primarily due to organic growth resulting from commercial, pricing strategies and processes implemented over the past twelve months. The increase in operating income was primarily due to the MXN 703 million increase in gross profit, which was partially offset by a MXN 404 million pesos increase in operating expenses and an MXN 8 million net decrease in other income/expenses.
For the six months, the company reported net sales were MXN 22,080,175,000 compared to MXN 23,477,118,000 a year ago. Operating income was MXN 2,154,340,000 compared to MXN 2,746,754,000 a year ago. Financial loss, net was MXN 188,332,000 compared to MXN 70,634,000 a year ago. Income before taxes was MXN 2,343,936,000 compared to MXN 2,827,178,000 a year ago. Net consolidated income was MXN 1,638,314,000 compared to MXN 1,942,895,000 a year ago. EBITDA was MXN 2,643,083,000 compared to MXN 3,312,897,000 a year ago. Net cash flow provided by operating activities was MXN 2,269,662,000 compared to MXN 2,692,910,000 a year ago. Acquisition of property, plant, equipment, and intangibles was MXN 1,312,854,000 compared to MXN 1,130,525,000 a year ago. For the six months ended June 30, 2015, the company deployed MXN 1,109 million in CAPEX, 51% of which was directed towards property, plant and equipment investments, among others. The remaining 49% was for operative maintenance CAPEX.

Grupo Lala, S.A.B. De C.V. Starts New Production Facility in Nicaragua

May 11 15

Grupo LALA, S.A.B. de C.V. announced that the company held its formal starting of the first phase of production for its new manufacturing plant in San Benito, in the Tipitapa municipality of Nicaragua, with an investment of approximately $50 million. The new production facility has been built on 15 acres of land. The first production phase will be used to process fresh milk and dairy products destined for the Nicaraguan market.

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